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Technology Stocks : Micron Only Forum

MU 224.54

+0.3%

Nov 25 3:59 PM EST

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To: Carl Held who wrote (41057)	11/25/1998 11:47:00 AM
From: Carl Held	Read Replies (1) of 53903

More examples of how this game is played.... U.S. stock technical indicators. **CUMULATIVE 3RD QTR U.S. EARNINGS SURPRISES AS OF NOV 23 POS/% NEG/% ON TGT/% S&P 500 484 238/49% 122/25% 124/26% I/B/E/S Universe 4223 1992/47% 1404/33% 827/20% $500 mln or less 2695 1182/44% 1025/38% 488/18% $500 mln - $1 bln 519 277/53% 143/28% 99/19% $1 bln or more 1009 533/53% 236/23% 240/24% ----------------------------------------------------------- Data on earnings reports exceeding (positive) or falling below (negative) analysts' expectations provided by I/B/E/S. If you look at the negative % column, it ranges from 23% - 38%, now look at the positive & on target. The point: As you can see, analyst will show that companies earnings meet or beat estimates. Take the average and it is 70%. The result: Prices will go up whether the companies makes money or not. This is dangerous and not fundamentally sound. Brokerages just want to sell stocks. Just remember one thing, the big boys don't care about the small investors, they will burn them. The clueless investors should take note.....

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